Charter Hall Group proposal for management of PFA

Charter Hall Group proposal for management of PFA

28/06/2012

Charter Hall Group (ASX:CHC) (the Group or Charter Hall) has entered into an Implementation Deed with various entities of Australian Property Growth Fund (APGF) for the retirement of APGF Management Limited (APGFM) (a wholly owned subsidiary of APGF) as responsible entity of PFA Diversified Property Trust (PFA or Trust) and the appointment of Charter Hall Direct Property Management Limited (CHDPML) (a wholly owned subsidiary of Charter Hall). The change in responsible entity is subject to PFA Unitholder approval.